Knowledge management is nowadays regarded as one of the most important aspect of innovation, creation of wealth, improved performance and also an added advantage of sustainable competition to organizations. It is a new emerging; interdisciplinary model of business whereby…
It is also regarded as the only advantage that a firm can have over the others for it to be able to survive in a business environment that is unpredictable.
Through knowledge management, an organization will be able to view all its processes as knowledge processes which include creation of knowledge, dissemination, upgrading of knowledge and all this will ensure the survival of the organization. Knowledge management requires the involvement of people, technology and processes that are in continuous interaction with each other. Knowledge management ensures the survival of organizations in a business world which keeps changing day by day due to the stiff competition.
Organization of knowledge requires responsibility of knowledgeable employees and specialists who will be able to manage knowledge as an intangible asset. The process of knowledge management therefore requires the implementation of the following for it to be effective and they are: knowledge creation, knowledge collection, knowledge organization, knowledge refinement and knowledge dissemination. An ideal knowledge organization is one in which employees who are in different fields are able to exchange and produce knowledge by using technology. This way knowledge will be internalized and adopted within the culture of the organization.
Knowledge creation and transfer (sharing) are the main basis of the success of a company in this era as they determine the way in which organization leaders will develop intellectual capital. In order for companies to be able to compete successfully, they have to ensure that they create knowledge through hiring, developing and maintaining competent and excellent managers as they will be able to accumulate valuable knowledge assets. Organizations have to keep creating new knowledge continuously as knowledge keeps changing and it can become obsolete in the future (Ichijō & Nonaka, 2007, 4).
Tacit and explicit are the ...
Cite this document
(“Knowledge Management Essay Example | Topics and Well Written Essays - 1000 words - 1”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/405074-knowledge-management
(Knowledge Management Essay Example | Topics and Well Written Essays - 1000 Words - 1)
“Knowledge Management Essay Example | Topics and Well Written Essays - 1000 Words - 1”, n.d. https://studentshare.net/miscellaneous/405074-knowledge-management.
The paper includes the recognition and analysis of knowledge management as a crucial component in organisational progression and also the importance of managing the people who deal with managing knowledge in the organization as well as the effect of wrong culture on reducing the effectiveness of knowledge management.
This paper is the analysis of the Siemens case study and its knowledge management practices. Two questions are analyzed: (1) knowledge management as human resource management; and (2) the effects of the wrong organizational culture on knowledge sharing. Recommendations to create a perfect knowledge culture are provided.
Knowledge management involves a number of practices and strategies used by companies to identify, represent, create, distribute, and enable assimilation of experiences and insights. Such experiences and insights include knowledge, either embedded or embodied in organizations as practices or processes.
MindTree also conducted researches in order to optimize the database migration techniques and strived to identify new opportunities in the modernization of mainframe. The community practices went through several transitions. At first stage, it was about identification, later, it was about training and after that it conducted researches to identify new offerings.
Its fundamental objective is to create knowledge, share it or transfer among the people and use it for the benefits of the organization (Noe, 2002, p. 168). In creating, sharing and making use of it, gaming, simulation, calculations, data base and many other information-managing strategies have been found to be extremely important.
This implies that an organization ought to be knowledgeable about the course of action it should take in order to reach its desired operational heights. In the process of pursuing the set organizational goals and objectives, knowledge management comes in handy.
The purpose for this may however differ from person to person and generation to generation. In the pre-historic era, the mankind had the thirst for knowledge in order to make their daily affairs convenient and satisfy their desire to do the work differently.
On the other hand, knowledge management is a way in which organizations, teams and individuals collectively and systematically create, share, and apply knowledge in order to achieve their objectives effectively. Information management views